Belrise Industries Limited has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a 25% year-on-year growth in adjusted profit after tax (PAT) to ₹1,663 million for Q2 FY27. Manufacturing revenue also saw a substantial increase of 26% YoY. Key operational highlights include diversification into electronics manufacturing and securing significant new orders in automotive and aerospace sectors.
Belrise Industries Posts Strong Financial Performance
Belrise Industries Limited (BIL) has reported robust financial results for the second quarter and first half of the financial year 2027 (FY27). The company announced an adjusted Profit After Tax (PAT) growth of 25% year-on-year, reaching ₹1,663 million for the quarter ended September 30, 2026. This growth was accompanied by a significant 26% year-on-year increase in manufacturing revenue.
Consolidated Financial Highlights (Q2 FY27 vs Q2 FY26)
- Revenue from Operations: Increased by 16.7% to ₹27,463.8 million.
- Gross Profit: Rose by 23.1% to ₹5,582.6 million.
- EBITDA: Grew by 11.6% to ₹3,306.2 million.
- Profit before Tax: Saw a 22.2% increase to ₹2,207.5 million.
- Adjusted Profit After Tax (Adj. PAT): Up by 25.0% to ₹1,662.5 million.
Consolidated Financial Highlights (H1 FY27 vs H1 FY26)
- Revenue from Operations: Increased by 14.7% to ₹52,928.5 million.
- Gross Profit: Rose by 19.8% to ₹10,675.7 million.
- EBITDA: Grew by 8.2% to ₹6,238.7 million.
- Profit before Tax: Saw a 20.9% increase to ₹3,871.2 million.
- Adjusted Profit After Tax (Adj. PAT): Up by 17.7% to ₹2,879.2 million.
Key Business and Financial Updates
Q2 FY27 Highlights:
- Manufacturing Revenue: Up 26% to ₹23,441 million (vs ₹18,601 million in Q2 FY26).
- Manufacturing EBITDA: Up 19% to ₹3,170 million (vs ₹2,663 million in Q2 FY26).
- Manufacturing EBITDA Margins: Stood at 13.5%.
- 71% of manufacturing revenue is from powertrain-neutral products.
H1 FY27 Highlights:
- Manufacturing Revenue: Up 23% to ₹45,420 million (vs ₹36,923 million in H1 FY26).
- Manufacturing EBITDA: Up 15% to ₹5,963 million (vs ₹5,199 million in H1 FY26).
- Manufacturing EBITDA Margins: Stood at 13.1%.
- 71% of manufacturing revenue is from powertrain-neutral products.
Key Operational Developments
Diversification Beyond Automotive:
- Belrise has entered electronics manufacturing by securing a maiden Letter of Intent (LoI) for the supply of CNC fixtures from an ecosystem partner of a major American smartphone company. Discussions are ongoing for other categories, including Main Logic Board (MLB) fixtures and Final Assembly, Testing and Packaging (FATP) fixtures.
- Chester Hall (UK), its subsidiary, received an incremental order for track beams on a legacy program for one of the world’s leading aircraft platforms, featuring improved commercial terms and price increases.
Technology Partnership:
- Subsequent to the quarter, Belrise entered into a License and Technical Assistance Agreement with Yamato Co., Ltd., Japan. This grants Belrise exclusive rights to manufacture and sell air filters, oil filters, and resin air intake manifolds in India for automotive and industrial OEMs.
New Order Wins
- The company is progressing towards Tier-0.5 in commercial vehicles, securing a program to supply complete chassis frame assemblies for HCV platforms from a new facility at Dharwad, expected to ramp up from Q1 FY28. The peak annual revenue potential is estimated at ₹1,500–2,000 million.
- Belrise has entered complete 3W body manufacturing, becoming a second source for complete body and chassis assemblies for a high-selling model of a major 2W & 3W OEM. Production from a new facility at Chhatrapati Sambhajinagar is expected to ramp up from Q1 FY28, with peak annual revenue potential of ₹1,000–1,200 million.
- The suspension portfolio has been scaled with the onboarding of a 6th OEM customer, a premium 2W manufacturer. Additionally, orders have been secured from a fast-growing 2W & 3W OEM, with production expected from Q4 FY27.
Management Commentary
Mr. Shrikant Badve, Managing Director of Belrise Industries Limited, commented, “Q2 FY27 was a quarter of strong execution supported by a healthy demand environment. Manufacturing revenue grew 26% year-on-year to ₹23,441 million, and adjusted PAT grew 25% to ₹1,663 million. This quarter, Belrise stepped into a new industry altogether… We remain confident in diversifying business beyond automotive, increasing partnerships with global OEMs and growing our order book while maintaining a healthy balance sheet. This positions us well for the second half of the year and beyond.”
Source: BSE
